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Direxion Daily Emrg Mkts Bear 3X ETF Message Board

  • cmegladon cmegladon Jun 1, 2010 5:41 PM Flag

    My take--

    We're all looking at the indexes, as we should, and the dollar.
    And I don't argure with Sterling's assessment; that "anyone who says they know where it going is blowing smoke up your dress".
    That said, I know what I see.
    There is enough of a breakdown in the Euro to see some continuation in the dollar being shored up.
    I also see a breakdown in the NAZ and if 2140-50 is broken, it'll be your signal of a MAJOR breakdown, as the DOW will already be at or lower than 9650 and the S & P already well below 1040.
    The NAZ is the key here. IMO
    It's the only index still above the 200DMA, but, there are "fundamental" reasons it's ahead of the other averages.
    But it's clear to me, the breakdown already is happening.

    Yes, I've been trading but I also have been erring on the side the BEAR, and becoming less conservative, but making more money.
    This period of consolidation is a figment, some wiley subterfuge.

    Money flows are way "out" not in.

    And I know it.
    I'm not trying to be obnoxious.

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